Q3 FY26 Mein Kaisa Raha Performance?
TCI Express ne iss quarter mein apne kaamkaaj se ₹314 crore ki income generate ki hai, jo pichle saal ki Q3 ke comparison mein 6% zyada hai. Agar pichle quarter se compare karein toh revenue mein 2% ka gradual increase dikha. Aur sabse important, Profit After Tax (PAT) ₹23 crore raha, jo pichle saal se 10.6% upar hai. Isse PAT margin 7.2% nikal kar aata hai. Per share earnings (EPS) bhi 10.7% badh kar ₹6.0 ho gayi.
Aur agar hum 9 mahine (9M FY26) ki performance dekhein toh income ₹909 crore rahi, jo pichle saal ke comparison mein sirf 1% zyada hai. Is period mein EBITDA ₹109 crore raha jismein margin 11.9% tha, aur PAT ₹69 crore raha jismein margin 7.5% tha.
Company Kitni Mazboot Hai?
Q3 FY26 ke liye EBITDA ₹37 crore raha aur EBITDA margin 11.6% nikla, jo pichle saal se better hai. Company pe bilkul bhi koi loan nahi hai, yani debt-free balance sheet hai aur ₹146 crore cash hath mein hai. Working capital cycle bhi theek thaak manage ho raha hai. Pichle 9 mahino mein operating cash flow ₹29 crore raha, jabki capital expenditure ₹45 crore hua, jisse free cash flow ₹15 crore mila. ROCE (Return on Capital Employed) bhi 19.6% ke aas paas raha.
Management ne apna 5 saal ka Capex plan thoda kam karke ₹400 crore (FY27 tak) kar diya hai jo pehle ₹500 crore (FY28 tak) tha. Ek choti si ₹60 lakh ki one-time cost bhi aayi thi labor code changes ki wajah se.
Aage Kya Hai Plan? (Future Outlook)
Company ne FY27 ke liye bade targets set kiye hain: 15% se zyada volume growth, 17-18% revenue growth, aur 20% se zyada PAT growth. Main focus EBITDA margins ko FY28 tak 15%+ level par wapas lana hai. FY27 mein isko 13%+ aur uske baad har saal 100 basis points badhane ka target hai. Company FY28 tak realization mein bhi 5% ka increase dekhna chahti hai.
Is growth ke liye company naye customers ko jod rahi hai (jo pichle saal se double hue hain), bade clients ke saath business badha rahi hai, aur automotive, defense, solar jaise sectors mein expand kar rahi hai. Rail Express jaise multimodal services jismein 24% YoY growth dikhi hai, woh bhi bahut important hai. Technology mein investment, network ko optimize karna aur sales team ko 300 se 500 tak badhana bhi strategy ka hissa hai.